Buckingham Capital Management Inc. decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,644 shares of the Wireless communications provider's stock after selling 4,374 shares during the quarter. T-Mobile US comprises about 1.5% of Buckingham Capital Management Inc.'s portfolio, making the stock its 20th biggest holding. Buckingham Capital Management Inc.'s holdings in T-Mobile US were worth $13,165,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $50,000. Atria Wealth Solutions Inc. boosted its stake in shares of T-Mobile US by 13.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 17,005 shares of the Wireless communications provider's stock worth $3,754,000 after acquiring an additional 1,950 shares during the period. Fortis Group Advisors LLC boosted its stake in shares of T-Mobile US by 1.8% during the 4th quarter. Fortis Group Advisors LLC now owns 3,579 shares of the Wireless communications provider's stock worth $790,000 after acquiring an additional 65 shares during the period. Empower Advisory Group LLC boosted its stake in shares of T-Mobile US by 63.8% during the 4th quarter. Empower Advisory Group LLC now owns 265,783 shares of the Wireless communications provider's stock worth $58,666,000 after acquiring an additional 103,528 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of T-Mobile US by 2.6% during the 4th quarter. Truist Financial Corp now owns 446,539 shares of the Wireless communications provider's stock worth $98,565,000 after acquiring an additional 11,224 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.
Insiders Place Their Bets
In related news, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares of the company's stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock valued at $747,378 in the last 90 days. Corporate insiders own 0.67% of the company's stock.
Analyst Ratings Changes
TMUS has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on T-Mobile US from $240.00 to $245.00 and gave the company a "sector perform" rating in a research note on Thursday, January 30th. Oppenheimer boosted their price target on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target for the company. Barclays boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $251.79.
Check Out Our Latest Stock Report on TMUS
T-Mobile US Price Performance
Shares of T-Mobile US stock traded down $0.23 during trading on Friday, reaching $265.17. 3,554,246 shares of the company's stock were exchanged, compared to its average volume of 3,824,914. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $271.41. The company has a market cap of $302.76 billion, a P/E ratio of 27.42, a PEG ratio of 1.53 and a beta of 0.56. The firm's 50-day moving average price is $230.98 and its 200 day moving average price is $221.21.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US's payout ratio is presently 36.40%.
T-Mobile US Company Profile
(
Free Report)
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.
Featured Stories
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
